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Search Results 0 to 49 of about 63 (some duplicates have been removed)
negotiators from eight nations will join the united states in dallas for talks on a new trade agreement. you know what that means, right, usu.s. negotiators want access o hundreds of consoomplez. darren gersh reports tonight it could be some of the last jobs left here at home making shoes. >> tom, when you buy athletic shoes, you probably don't know it but you're most likely paying somewhere between 5 and $15 in what's called an import tariff. a tax on imported shoes to protecting jobs in the united states. and that tariff has set off a sneaker war. on one side there's new balance, the last company to make athletic shoes in the united states. on the other side you'll find retailers and companies like nike. they design shoes in the united states. but they manufacture them in countries like vietnam. >> we have a 1930's tariff structure in the 21st century, and that i really ham perking our awe -- hampering our ability to grow jobs. >> the obama administration is working on a new trade deal with vietnam and other countries called the transpacific partnership. as the world's fastest growing shoe
of concern about the overhang in the united states. how does that cloud an investor's decision how they make money decisions? >> it's clear that the whole greek thing is going to fall apart, and no one knows exactly how, when or what falling apart really means for spain. no one is worried about greece per se. they're worried about what greece means for spain. >> tom: we know it means a stronger u.s. dollar. the dollar continuing to increase, and commodity prices drop. >> remember, you don't need to be the best currency in the world, just the least worse. and that's where the u.s. dollar is right now. look further. why would anybody put money in dollars as a safe haven? but right now, liquid, easy to get in and out. >> commodity sold off, gold, oil. natural gas rebounds from $2 to 2.50. is this an energy area you're looking for bargains. >> i'm looking for a bottom in natural gas. i think we'll bounce to $3, and ?r somewhere in there for a long time. >> and you're looking at alter petroleum. they have natural gas exploration production, and share price is half of what it was last summer. is t
here in the united states. european leaders talked up the need for more economic growth today. darren gersh reports the likely forecast is more uncertainty. >> for only the second time in 50 years a socialist has been elected president of france. francoise hollande's victory this weekend is a clear rejection of the measures put in place to jolt the euro. >> this is an a cute phase of the silver and debt crisis. >> two main parties that had managed the party through the debt crisis emerged from parliamentary elections with less than a third of the combined vote. that could leave greece in limbo unable to form a new government. >> greece and france have rejected what is going on and how the incumbent leaders have dealt with the debt crisis. >> this is a potent gentially disrupt full mix for markets. >> jittery and uncertainty higher than ever. >> this is following an ominous pattern. those looking to clean up problems could lead to years and decades of growth. there is a fear there will be a spill over to the united states. >> the u.s. has a fiscal problem. but it's a medium to long te
a clear set of binding rules in the european union, in the united states, or the emerging geographies-- places like india and brazil, which account for most of the growth of facebook-- but we will have those regulations and those regulations on how facebook seeks to monetize its users. >> reporter: with all the scrutiny, it's no wonder facebook has become an early- adopter of washington lobbying. the company has brought together a team of political and policy insiders with lots of friends across party lines. >> they understand that it's very important for them to have a means to get their message out to major policy makers, because if policy makers don't understand the business, the risk of bad regulation increases dramatically. >> reporter: in a rapidly changing industry, regulation may not be the main risk facing potential facebook investors, but it can't be ignored. darren gersh, "nightly business report," washington. >> tom: for generations about half of american teenagers were either working or looking for work. that has been falling in the past decade fast. today only a third of
the united states may fall off the, quote, fiscal cliff that is waiting for us on january 1st 2013. >> tom: of course that is the combination of tax cuts expiring, which could mean tax increases, and of course automatic spending cuts for the government. but joel, you know that c.e.o.s and companies operate in times of uncertainty all the time. what makes this time of uncertainty so different that they are so reluctant to add jobs even though corporate earnings remain relatively healthy? >> well,oftentimes uncertainty is balanced. there are risks to the upside and risks to the downside. but here the two largest risks staring us in the face are both to the downside. for example, an exit by greece from the eurozone in a very messy manner followed by a speculative run against spanish banks that takes down the spanish financial system could really precipitate a dramatic slowdown in growth and a flight from all kinds of risky assets that would send ripple wav across the globe,eteorating financial conditions that would be a very sharp force here in the u.s. okay, in terms of the fiscal cliff, the
lower. however, eventually the pendulum is going to swing, and we think that gdp in the united states, which is currently the shining star globally, that will continue to grow somewhere in the magnitude of 2%. and the employment situation is improving here. so i think there are other asset classes that offer better relative value than treasuries. >> tom: what might some of those be, richard, as you're looking longer term? >> longer term we like municipals, municipal bonds, because on a tax adjusted basis right now municipals are cheap. they're yielding on a tax adjusted basis more than treasuries. they've got the second lowest default rate historically. and the supply demand imbalances should be evaporating going forward. they have a -- >> tom: i'm to try to get you to forecast an interest rate on the the 10-year benchmark. do you think it will hit 1.5%? >> it seems destined to in the near term. >> tom: all right, we'll let it go at that, great to hear from you, richard schlanger, with the peen near short-term income fund. >> tom: oil prices tumbled today, to their lowest level since
. >> we do, almost half the rev if yous are am coulding from revenues outside the united states. >> tom: the long view, robert hagstrom with us tonight from legg mason. >> tom: just when you thought they couldn't possibly fall any further, mortgage rates dip to a new record low. homebuyers can thank europe's recent elections and america's weakening economy. those factors have led to a flight to quality into u.s. government bonds, pushing down mortgage rates. suzanne pratt reports. >> reporter: at apple mortgage, business has been getting juicier. it's no wonder, with mortgage rates at an appetizing all-time lows. the 30-year fixed currently averages 3.83%. last year, that same loan was 4.63%. broker gary leib says 75% of his calls are for refinancings. >> i get a lot of joy out of helping people refinance. honestly, it's a beautiful thing helping people save so much money. >> reporter: super low mortgage rates haven't done much to lift home sales out of the cellar. since december, rates have been below 4%. still, sales of new and old homes fell in march. the problem is it's gotten much
you have to say that the recovery in the united states at this point is a little stronger, a little older and a little more durable than it was a year ago. >> tom: i want to ask you about technology, we saw tech stocks take the lead today to some degree, facebook shares obviously have been weighing awe little bit on technology over the past couple sessions, but apple was back in the drivers seat today. do you like technology moving forward? >> technology moves the world. it helps when things are tough by lowering costs, it helps improve productivity and as countries and people get richer in the emerging markets they use more, so yes the world and the stock market doesn't have the future unless technology works. >> tom: you mentioned consumers. what about consumers in the shape of that area in the market, especially as energy price, moving lower? >> yes. i particularly like consumer nondurables because to the extent that any of the problems in the world develop, people still are going to use toothpaste and other, and beverages and other nondurables, and also they do get helped with t
of the united states has been growing at a robust rate. we didn't expect it to be. we think it's going to grow between 2.5 and 3%. with those numbers you're probably towards the low end of this rage, the six months, last six months taken in total average job growth just shy of 200,000, we think that is exactly what you would expect for about 2.5% growth. >> tom: but pull out here a little bit because we're seeing more economic sectors point to a slower economy, retail sales, manufacturing this week, the jobs number. in the meantime corporate earnings have been better than expected in the first quarter. so how do we balance these two together in the minds of investors? >> well, yeah, i think it's really about expectations. earnings are going to continue, they're going to grow at a slower rate than they have been, which is when they've been doing for the last year. profit margins will start coming down in corporate america, so you'll probably be disappointed. the stability of the overall economy on a global basis we think is better this year than last year and we're seeing a stumble and not a fa
be enormous. it would mean less debt in the united states, a healthier trade balance. we would be bringing our unemployment rate down, and that's ultimately the type of economic activity that we need. >> susie: not everyone wants the u.s. to slap a currency manipulator label on china. the u.s./china business council supports the treasury's decision. it says calling china a manipulator would only complicate the fragile relationship between the two countries. >> susie: billionaire investor carl icahn is turning up the heat on chesapeake energy, the embattled energy producer. he wants to replace at least four directors on the company's board, saying they have failed to hold its c.e.o. accountable in a quote, "dramatic fashion." chesapeake shares have tumbled sharply, since the company's sweetheart loan and investment package for c.e.o. aubrey mcclendon came to light earlier this month. icahn is the company's third largest shareholder. >> tom: june 7 is circled on jamie dimon's calendar. the j.p. morgan chase c.e.o. has been invited to testify before the senate banking panel that day. he's been ca
distributor provider of animal health products in this country, the united states, europe, australian/new zealand. we plan to have good growth and supplementing that with geographic footprint and depth of the marketplace and add new products. >> tom: are you finding evaluations interesting at these levels given what is going on overseas? >> our evaluations have been pretty reasonable the entire period we have been public. most of our acquisitions are transactions we have known for a while. competed with them, worked complementary with them. these deals may take a time. they're not as elastic to the specific macroeconomic conditions at a point in time. >> tom: got you. stanley, we appreciate it. thank you, we are speaking with the ceo of henry schein. >> tom: you may not recognize the name liberty interactive, but you probably have heard of qvc and its tv shopping channel. liberty interactive's first- quarter profits were up 21%. nearly 90% of its revenues come from qvc, the world's biggest tv shopping network. in tonight's "shop talk," erika miller takes us behind the scenes at qvc's
Search Results 0 to 49 of about 63 (some duplicates have been removed)

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